IPO | BROKER REVIEW | INVESTING | ALGO TRADING | TECHNICAL ANALYSIS
 

Comparision (Upstox VS Flattrade)

Upstox Vs Flattrade

Upstox
Upstox Review Online Share/Stock Trading, Options Trading, Discount Brokers in India, Upstox Review gives an overall view of the updates about the Brokerage Charges, Margin, Trading Softwares, Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.


Flattrade
Flattrade Capital Services Review 2021 gives an overall view of the updates about the Brokerage Charges, Margin, Trading Software, Flattrade Capital Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.

Upstox Vs Flattrade - Broker Details

Upstox Flattrade
Single Margin Facility NO
Year of Incorporation 2012 2004
Exchanges BSE, NSE and MCX BSE, NSE and MCX
Branches 45 5
Brokerage Rs.20/Order or 0.05% Rs.20 per executed order
Broker Type Discount Broker Discount Broker
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Upstox Vs Flattrade - Account Opening & AMC Charges

Upstox Flattrade
Trading Account Opening Charge Rs.249 Rs.0 (Free)
Demat Account Opening Charge ₹0 (Free) Rs.0 (Free)
Demat Account AMC Rs.300/yearly Rs.0 (Free)
Trading Account AMC Rs.0 (Free) Rs.0 (Free)
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Upstox Vs Flattrade - Brokerage charges & Plans

Upstox Flattrade
Commodity Futures Rs. 20 per executed order or 0.05% (whichever is lower) ₹10 per executed order
Currency Futures Rs. 20 per executed order or 0.05% (whichever is lower) ₹10 per executed order
Equity Delivery Zero brokerage Nil
Equity Options Flat Rs. 20 per executed order. ₹10 per executed order
Commodity Options Flat Rs. 20 per executed order. ₹10 per executed order
Equity Futures Rs. 20 per executed order or 0.05% (whichever is lower) ₹10 per executed order
Currency Options Flat Rs. 20 per executed order. ₹10 per executed order
Fixed Charges Rs. 20/Order ₹10 per executed order
Equity Intraday Rs. 20 per executed order or 0.05% (whichever is lower) ₹10 per executed order
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Upstox Vs Flattrade - Other Charges

Upstox Flattrade
RMS Square Off Charge Rs. 20 per order+ GST
API Charges ₹ 750 * per month Does not provide API
Call & Trade Charges Rs. 20 per order+ GST Rs.50 or 0.01% of trade value per executed order
Other Brokerage Charges Rs.20/Order or 0.05% Rs.20 per executed order
Minimum Brokerage Rs.20/order Rs.20 per executed order
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Upstox Vs Flattrade - Transaction Charges

Upstox Flattrade
Currency Options NSE: Exchange turnover charge: 0.04% Clearing charge: 0.025% BSE: Exchange turnover charge: 0.001% Clearing charge: 0.025% NSE: 0.035% BSE: 0.001%
Equity Futures NSE: Exchange turnover charge: 0.0020%: Clearing charge: 0.0002% 0.0020%
Equity Intraday NSE: 0.00345% per trade on buy & sell. BSE: charges vary as per the scrip group NSE: 0.00345% (For Nifty 50, Nifty It); BSE 0.03% NSE: 0.00275% (Other than Nifty 50 & Nifty It)
Equity Options NSE: Exchange turnover charge: 0.053% Clearing charge: 0.005% 0.053% (On prem)
Commodity Non-Agri: Exchange turnover charge: 0.0026% Clearing charge: 0.0005% 0.0026%; 0.0013% (FAR MONTH CONTRACT)
Currency Futures NSE: Exchange turnover charge: 0.0009% Clearing charge: 0.0004% BSE: Exchange turnover charge: 0.00022% Clearing charge: 0.0004% NSE: 0.0009% BSE: 0.00022%
Equity Delivery NSE: 0.00345% per trade on buy & sell. BSE: charges vary as per the scrip group 0.00325%NSE: 0.00345 (For Nifty 50, Nifty IT) BSE: 0.003% NSE: 0.00275% (Other than Nifty 50 and Nifty IT)
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Upstox Vs Flattrade - Margin (Exposure)

Upstox Flattrade
Equity Options Option Sell: Basic: 3x | Priority: 4x |
Equity Intraday Basic: 3x | Priority: 4x | Basic CO: 3x | Priority CO: 4x Up to 20X
Currency Options Basic: 3x | Priority: 4x
Commodity Options 2 times
Commodity Futures Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x Up to 4 times
Basic: 8x | Priority: 15x | Basic CO: 12x | Priority CO: 15x
Equity Delivery No extra margins provided 1x (no margin)
Currency Futures Basic:3x | Priority:4x |
Equity Futures Basic: 3x | Priority: 4x | Basic CO: 3x | Priority CO: 4x Up to 4 times
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Upstox Vs Flattrade - Features

Upstox Flattrade
Online Portfolio
Algo Trading
Margin Trading Facility
Call & Trade Facility
Referral Program
Collateral Margin
Online Demo
3 in 1 Account
Charting
Intraday Square-off Time 3:15 Eq Cash: 3:20 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM
Trading Platform 1. Pro Web (Web-based trading platform). 2. Pro Mobile (mobile trading application). 3. Algo Lab (bridge for AmiBroker). 4. Option Strategy Builder. 5. Order Generator. NEST, NSE NOW, Fortune Trading Mobile App
SMS Alerts for Trades
Direct Mutual Fund
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Upstox Vs Flattrade - Review & Rating

Upstox Flattrade
Trading Brokerage
Customer Service
Fees
Trading Platform Usability
Mobile App
Research
Desktop Software
Overall Ratings
Broker Rating Upstox is rated 3.9 of 5
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Upstox Vs Flattrade - Request a call back from Broker

Upstox Flattrade
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Upstox Vs Flattrade - Investment Options

Upstox Flattrade
Currency
IPO
Commodity
Debt
Other Options
Stock Cash / Equity
Mutual Funds
Bond / NCD
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Upstox Vs Flattrade - Order Type

Upstox Flattrade
Bracket Order/BO/OCO
BTST
Cover Order/CO
Good Till Cancelled (GTC)
BUY ABOVE/SELL BELOW
After Market Order(AMO)
STBT
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Upstox Vs Flattrade - Research & Report

Upstox Flattrade
Free Tips
Quarterly Result Analysis
Daily Market Report
News Alerts
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Upstox Vs Flattrade - Daily Market Report

Upstox Flattrade
Compare Stock Brokers Review
Compare Stock Brokers Review
Compare Stock Brokers Review
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Upstox Vs Flattrade - Suitable For Investor

Upstox Flattrade
Casual Investor
Active Investor
Trader
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Upstox Vs Flattrade - Pros & Cons

Upstox Flattrade
Pros • Brokerage free trading in Equity delivery segment, which means customer need not to pay any brokerage for delivery trades in equity. • For customers convenience, mobile trading app is available for both android and IOS platforms without any further software charges. • Both web and mobile has After Market Order (AMO), Cover Order (CO) or One Cancel OTHER (OCO) order. • Availability of stop loss in both web and mobile. • Availability of multiple indicators to monitor market. • Upstox bridge for Amibroker helps to code and execute the trading strategies. • Developer console from Upstox helps to build your own trading app. • Availability of 1000’s of Mutual funds where customer can choose Lumpsum or SIP pattern of investing. • Availability of Margin against shares. • For higher leverage, customers can opt for Priority Brokerage Package. 1. It provides free account opening and annual maintenance charges. 2. It has a strong hold on the southern part of India. 3. They offer offline branches as to serve their customers offline. 4. It provides various decent customer services to its customers.
Cons • Unavailability of unlimited monthly trading plans. • Extra charge of call and trade fee on per executed order. • In case, customer does not square off the Intra day square orders, extra charge of ₹20 is charged per executed order. • In the basic plan of Upstox, brokerage free trading can be availed only in Equity Delivery Segment. For rest of the segments, brokerage is charged at ₹ 20 or lower per trade. • Even though Upstox basic plan provide brokerage free trading, still demat transaction charges has to be paid by the customer. In fact, if we compare the demat debit transaction charges of Upstox (₹21.83) with other discount brokers (₹15.93), it turns out to be really high. • No provision for stock tips and recommendations. • Unavailability of 3 in 1 account as company doesn’t provide banking services. • Customer support is time constraint. • From Jan 2018 Upstox NRI trading and demat accounts are no longer available. • Unavailability of margin funding on delivery trades. 1. It has a limited number of trading and investment products. 2. It has less focus on technology with only one in-house trading platform (Mobile app) and that too is kind a mediocre in performance. 3. The fortune trading is petty limited.
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Upstox Vs Flattrade - Background

Upstox Flattrade
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Upstox Vs Flattrade - Compare All Brokers

Upstox Flattrade
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Upstox Vs Flattrade - Account Opening & AMC Charges

Upstox
Flattrade
Trading Account Opening Charge
Rs.249
Rs.0 (Free)
Demat Account Opening Charge
₹0 (Free)
Rs.0 (Free)
Demat Account AMC
Rs.300/yearly
Rs.0 (Free)
Trading Account AMC
Rs.0 (Free)
Rs.0 (Free)

Upstox Vs Flattrade

Upstox Flattrade
 

Upstox NRI Account Opening

Upstox is one of the most popular discount brokers in the country and a large amount of people are interested in trading through it including not only who resides inside the country but also who live outside the country i.e. NRIs.

NRI Trading Account
+ " Vs "+ Flattrade

Flattrade Trading NRI Account Review

Flattrade Trading is no longer offering NRI trading and demat account. Only Indian residents can open demat accounts with Flattrade Trading. If any NRI wish to open demat account with Flattrade Trading for trading purpose, they must have Indian residence proofs and Indian bank account.
 
 

Flattrade
Flattrade Capital Services Review 2021 gives an overall view of the updates about the Brokerage Charges, Margin, Trading Software, Flattrade Capital Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.

Upstox Vs Flattrade - Brokerage charges & Plans

Upstox Flattrade
Commodity Futures Rs. 20 per executed order or 0.05% (whichever is lower) ₹10 per executed order
Currency Futures Rs. 20 per executed order or 0.05% (whichever is lower) ₹10 per executed order
Equity Delivery Zero brokerage Nil
Equity Options Flat Rs. 20 per executed order. ₹10 per executed order
Commodity Options Flat Rs. 20 per executed order. ₹10 per executed order
Equity Futures Rs. 20 per executed order or 0.05% (whichever is lower) ₹10 per executed order
Currency Options Flat Rs. 20 per executed order. ₹10 per executed order
Fixed Charges Rs. 20/Order ₹10 per executed order
Equity Intraday Rs. 20 per executed order or 0.05% (whichever is lower) ₹10 per executed order
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Upstox Vs Flattrade - Margin (Exposure)

Upstox Flattrade
Equity Options Option Sell: Basic: 3x | Priority: 4x |
Equity Intraday Basic: 3x | Priority: 4x | Basic CO: 3x | Priority CO: 4x Up to 20X
Currency Options Basic: 3x | Priority: 4x
Commodity Options 2 times
Commodity Futures Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x Up to 4 times
Basic: 8x | Priority: 15x | Basic CO: 12x | Priority CO: 15x
Equity Delivery No extra margins provided 1x (no margin)
Currency Futures Basic:3x | Priority:4x |
Equity Futures Basic: 3x | Priority: 4x | Basic CO: 3x | Priority CO: 4x Up to 4 times
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Upstox Vs Flattrade - Other Charges

Upstox Flattrade
RMS Square Off Charge Rs. 20 per order+ GST
API Charges ₹ 750 * per month Does not provide API
Call & Trade Charges Rs. 20 per order+ GST Rs.50 or 0.01% of trade value per executed order
Other Brokerage Charges Rs.20/Order or 0.05% Rs.20 per executed order
Minimum Brokerage Rs.20/order Rs.20 per executed order
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Upstox Vs Flattrade - Features

Upstox Flattrade
Online Portfolio
Algo Trading
Margin Trading Facility
Call & Trade Facility
Referral Program
Collateral Margin
Online Demo
3 in 1 Account
Charting
Intraday Square-off Time 3:15 Eq Cash: 3:20 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM
Trading Platform 1. Pro Web (Web-based trading platform). 2. Pro Mobile (mobile trading application). 3. Algo Lab (bridge for AmiBroker). 4. Option Strategy Builder. 5. Order Generator. NEST, NSE NOW, Fortune Trading Mobile App
SMS Alerts for Trades
Direct Mutual Fund
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